He dollar added its third consecutive day to the rise with an increase of 0.17% compared to the previous day and closing at 38,348 pesos, according to the price of the Central Bank of Uruguay (BCU).
The improvement of the US currency occurs in an international context that shows firmness of the global dollar, driven by the reduction of market expectations due to a more rapid reduction in interest rates than that proposed by the United States Federal Reserve (Fed).
In this way, the banknote is going through a positive January compared to the Uruguayan Peso, in which it has been operating with ups and downs, but achieving an appreciation of 0.84% compared to the end of December 2023 and moving away from the range of 38 pesos.
Meanwhile, on the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 38.05 pesos for purchase, and 40.45 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.55 pesos for purchase, and at 39.95 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,250 pesos, while the maximum price was 39,400 pesos, and the minimum was 39,250 pesos. On this day, the number of transactions was a total of 31, with a transaction amount of 16.5 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.07 pesos for online purchases through a bank or card, and from 41.89 pesos to 43.21 pesos in the Binance peer-to-peer (P2P) market.
How is the dollar in Uruguay compared to market expectations?
The consecutive increases in the last three exchange rates generate a cautious expectation in the market, although the value is still far from the forecasts, which expected a value of 39.5 pesos by the end of 2023.
That figure arose from the median of responses from the analysts consulted by the BCU published in December, which will be released this Friday in January. Different variables may be reflected there, including the relative stability of the bill in the range of 39 pesos and the latest reduction of 25 basis points in the interest rates that defined the Copom last December 29, leaving the TPM in 9%.
The dollar over the past five days
- January 11 — 39,393
- January 12 — 39,207
- January 15 — 39,135
- January 16 — 39,262
- January 17 — 39,283
Source: Ambito
